Business

Prior to the recent uproar caused by investors’ inability to access their investments, many Nigerians had never heard of CBEX. Crypto Bank Hybrid Exchange, popularly called CBEX, reportedly commenced in Nigeria in 2024, despite claims of existence since 2017, a timeline that contradicts its domain registration and distinguishes it from the legitimate China Beijing Equity Exchange. According to a report,…

Access Holdings Plc on Wednesday announced its audited financial results for the full year ended December 31, 2024.  The Group delivered 88per cent year-on-year growth in gross earnings, rising from N2.594 trillion in 2023 to N4.878 trillion in 2024. The strong performance was driven by diversified income streams, with interest income growing by 110per cent to N3.480 trillion and non-interest…

The Nigeria Data Protection Commission (NDPC) on Tuesday said it signed a Memorandum of Understanding (MoU) with the Abuja chapter of the Information Systems Audit and Control Association (ISACA) on the 2025 National Code4Privacy Hackathon 2.0.  The National Commissioner/CEO of the NDPC, Dr Vincent Olatunji, during his remark, expressed his delight and commended ISACA for being a strategic partner to…

 For its excellence in corporate transparency and governance, Dangote Cement Plc has been honoured as the Platinum winner of the Institute of Chartered Accountants of Nigeria (ICAN) and NGX Regulation Limited (NGX REGCO)’s Corporate Reporting Award for the financial year ending 2023.  Organised by ICAN-NGX REGCO, the event was meant to celebrate excellence in corporate transparency and governance. It was…

The Securities and Exchange Commission (SEC) on Tuesday said it is collaborating with the Small and Medium Enterprises Development Agency of Nigeria to implement joint nationwide sensitization campaigns on “Financing SMEs through the Capital Market.” Director General of the SEC, Dr. Emomotimi Agama who stated this during a meeting with SMEDAN in Abuja, said the agencies will also co-brand financial…

The National Information Technology Development Agency (NITDA), has signed a Memorandum of Understanding with SecDojo, SAS, a Cybersecurity training and upskilling company, to strengthen national resilience against cyber threats through targeted capacity building initiatives. SecDojo is a cybersecurity training platform with a strong regional presence and a mission to build local talent and resilience in cybersecurity. The signing ceremony took…

Some angry mob made up of investors at of Smart Treasure (ST Team), an arm of the CBEX crypto trading platform on Monday evening looted the company’s office in the Oke Ado axis of Ibadan, the Oyo state capital. In multiple videos circulating on social media, the investors were seen breaking into the company’s premises, carting away valuables such as…

The electricity power generation companies (GenCos) have warned that the over N4 trillion unpaid invoices owed by the federal government and stakeholders for electricity generated threatens their operations. In a statement on Monday, signed by chairman of board of trustees, Association of Power Generation Companies (APGC), Sani Bello, the GenCos asked the federal government and key stakeholders to urgently address…

The Central Bank of Nigeria (CBN) on Monday said recapitalisation of Nigeria’s banks to power a $1trillon economy would no doubt improve the strength and health of the financial system, deepen financial intermediation and promote healthier competition as well as usher in a robust payment architecture needed to strengthen payment system. Delivery a keynote speech at the 36th seminar for…

The Nigeria Union of Journalists (NUJ), Lagos State Council has commended Dangote Refinery for its consistency in the price reduction of Premium Motor Spirit (PMS) otherwise known as petrol. Reacting to the latest reduction in the ex-gantry loading cost of PMS from N880 per litre to N865, the Chairman, Nigeria Union of Journalists, Lagos State Council, Mr Adeleye Ajayi, said…